GREY:RNKLF - Post by User
Post by
pierregon Oct 11, 2019 10:11am
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Post# 30221591
When an RNX reverse split should be considered
When an RNX reverse split should be consideredI think an RNX reverse split should be considered when increased production and profitability over many quarters is demonstrated. Also, I believe overall market conditions matter and more specifically the Gold market. Market stability or an uptrend is preferable to a downtrend as it will convey more market buying power. Too often companies rely on reverse splits as a means to increase market cap when growth is limited and this will often have an overall negative effect on the market cap.